U.S. selects kopeck

rise in the U.S. cash market up to 7.8 UAH /$ led the National Bank to abandon restrictions on the sale of foreign currency and to hold an intervention for all those looking to buy. Devaluation of hryvnia bankers explain reduction of currency, as banks sold it before 23 June, and begins to panic the population. Experts believe that if the governor will hold a few more of these interventions, it is already next week, the course down to 7,65 /7,75 UAH /$.

National Bank yesterday agreed to sell at the Interbank currency without restrictions at the rate of 7,65 grn /$. Thus, the NBU has departed from the practice of selling foreign currency, only the banks (for the performance of their external liabilities) and population (to repay foreign currency loans). At this step the regulator came after the dollar at the Interbank more than 7,76 grn /$, and some were sold to its people on 7,85 grn /$. On the cash market, according to the portal FINANCE.UA, the average rate reached 7.731 /7.808 grn /$, which has not been since 13 May.

currency indicator rose to the level 7,70-7,73 grn /$ as of 30 June to 7,73-7,76 UAH /$ yesterday, but before June 23, the dollar was worth more than 7.65 UAH /$ . Targeted intervention by the National Bank reinforced another requirement to the Chairman of the Bank personally to influence the devaluation of the currency in their institutions.

Courses, which establishes a bank must be based on actual conditions of inter-bank foreign exchange market and the real exchange rate on the agreements, taking into account the guidelines that on a daily basis gives the NBU. Given the critical importance of the task, require the heads of banks to its implementation under the personal control , - the letter, the first deputy chairman of the National Bank of Ukraine Anatoly Shapovalov.

bankers stress that the two-week increase in the dollar caused by a fall in sales volumes of currency from credit institutions. The proposal has decreased due to the fact that, until June 23, banks had to bring its monetary stance in line with new standards and sold dollars, - said Director of the Department of Treasury and Financial Institutions Banking Index Anton Boldyrev .- Most of the banks sold the currency to the position as demand increased.

seasonal factors increasing demand for the currency, it was the end of II quarter and the need to pay outside companies, but indicative - waiting out the market to purchase dollars, the largest player - NAK Naftogaz of Ukraine. With the daily increase in the dollar, even at 2 cop. launched waves of population, which was buying up the currency, fearing advertised analysts fall devaluation. Advisor to the Chairman of the Board Ukrgasbank Okhrimenko Alexander believes that analysts play along with foreign currency speculators, suffering losses from buying the dollar at the rate of 8-9 grn /$.

Market participants hope that the regulator will continue to sell them to the currency, without limitation, wishing to reduce the real rate. With every leap strashilki NBU rate appears in the form of threats of the bank, but all understood that it is no longer valid, - said the treasurer of one of the largest banks. One intervention is not enough. But if the National Bank, two or three days will sell all of 7,65 grn /$, then we will see the kiosks for the purchase of 7,65 grn /$, and the sale - to 7,73-7,78 UAH /$,- sure Anton Boldyrev.

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